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Real Estate
 Nat Levy Real Estate Reporter |
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July 18, 2013
Real Estate Buzz: Lots of upside for new owner of Marketplace
Image courtesy of the city of Seattle and James Corner Field Operations
[enlarge]
The “overlook fold” is part of the plan to connect Pike Place Market with the waterfront. The broad, landscaped walkway would be near Marketplace I and II, which sold last week for $71 million, $12 million less than BlackRock paid in 2007.
Last week BlackRock sold Marketplace I and II near Pike Place Market to an entity related to Morgan Stanley for $71 million — and took a big loss.
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Previous columns:
- Real Estate Buzz
Schnitzer's Madison Centre: An office building for people who like to get out of their office, 07-11-2013 - Real Estate Buzz: Trammell plans Puyallup industrial project, 07-05-2013
- Real Estate Buzz: Industrial market is buzzing — even for spec, 06-27-2013
- Real Estate Buzz: Going up? City looks at waterfront escalators, 06-20-2013
- Real Estate Buzz: Western Building almost ready for Bertha, 06-13-2013
- Real Estate Buzz: Wells Fargo Center: New owner planning to upgrade tower to attract more techies, 06-06-2013
- Real Estate Buzz: From the Great Wheel to alley movie night, Seattle can show how to make better cities, 05-30-2013
- Real Estate Buzz: Lobsang Dargey gets OK for Kirkland project, 05-23-2013